On November 19, 2024, Keith Jensen, the Chief Financial Officer of Fortinet Inc's subsidiary, sold 4,250 shares of Fortinet Inc (FTNT, Financial). Following this transaction, the insider now owns 4,689 shares of the company. The details of this transaction can be found in the SEC Filing.
Fortinet Inc is a global leader in broad, integrated, and automated cybersecurity solutions. The company provides high-performance security and networking solutions to protect and simplify IT infrastructures for enterprises, service providers, and government entities worldwide.
The insider transaction history for Fortinet Inc shows that there have been 4 insider buys and 30 insider sells over the past year. Over the same period, Keith Jensen has sold a total of 198,699 shares and purchased 0 shares.
On the day of the recent sale, shares of Fortinet Inc were trading at $90.83, giving the stock a market cap of $70,858.553 million. The company's price-earnings ratio stands at 46.69, which is higher than the industry median of 26.55 but lower than the company’s historical median price-earnings ratio.
With a trading price of $90.83 and a GF Value of $80.91, Fortinet Inc has a price-to-GF-Value ratio of 1.12, indicating that the stock is modestly overvalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples, a GuruFocus adjustment factor, and future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
